274 S 20TH ST Philadelphia, PA 19103
1,032 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAPH2560690
Year Built 1800
Annual Tax Amount $7,432
Tax Year 2025
Lot Size 1,032 Sqft
Acres 0.02
Lot Dimensions 16.00 x 65.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
The first and second floors together with the lower level are occupied by the established Heng Feng Restaurant under a secure long term lease. The tenant is responsible for nearly all operating expenses, providing stable and essentially passive commercial income. The third floor consists of a three bedroom one bath apartment featuring hardwood floors and central air. Currently occupied by the owner's family, the unit will be delivered vacant at settlement and can immediately achieve market rent conservatively estimated at $2,500 per month. Zoned CMX5 with excellent visibility and surrounded by Philadelphia's premier retail, dining, and corporate addresses, the property sits within easy walking distance of the city's core business district, 30th Street Station, Suburban Station, the Schuylkill River Park and trail system, and the region's top hospitals and universities. Residents and tenants enjoy immediate proximity to Philadelphia's finest restaurants including Parc, Rouge, Barclay Prime, and Vernick, all within a few blocks.
This property offers an outstanding opportunity to acquire a cash flowing asset in one of the city's most sought after locations.
Location
State PA
County Philadelphia
Area 19103 (19103)
Zoning CMX2
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Inclusions All existing restaurant fixtures, commercial kitchen equipment, installed lighting fixtures, built in or permanent shelving, appliances in residential unit.
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 36\"+ wide Halls
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Philadelphia City
Others
Tax ID 882011960
Ownership Fee Simple
Special Listing Condition Standard
